Shanghai Composite rises 0.07%

Mainland China share market closed marginally higher after fluctuating between gains and losses on Thursday, 20 November 2014, as risk sentiments subdued after China flash PMI data showed factory output shrank for first time in 6 months in November. The Shanghai Composite Index rose 0.07%, or 1.67 points, to 2452.66 at the close.

China's factory activity stalled in November as output shrank for the first time in six months, a private survey showed on Thursday. The HSBC flash Purchasing Managers' Index (PMI) for November clocked in at the breakeven level of 50.0 that separates expansion from contraction, compared with the 50.4 final reading in October. Overall, new orders picked up slightly but new export orders slowed markedly, dragging on activity. The factory output sub-index fell to 49.5, the first contraction since May.

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